Wolters Kluwer signs First East Side Savings Bank of Tamarac

Source: Wolters Kluwer Financial Services

Wolters Kluwer Financial Services announced today that First East Side Savings Bank of Tamarac, Fla. has implemented the company's ComplianceOne solution.

ComplianceOne gives financial institutions the ability to manage regulatory and operational risk tied to each of their major business lines, including lending, deposit, mortgage and IRAs, using a single technology platform.

First East Side Savings Bank is using ComplianceOne to help the bank perform compliant consumer and commercial lending documentation, according to Brian Kiley, the bank's executive vice president and chief financial officer.

"We've always been extremely happy with the functionality, ease-of-use, service and support of each of Wolters Kluwer Financial Services' products," said Kiley, noting First East Side Savings Bank has also used the company's ARTA and Rembrandt Lending systems. "ComplianceOne makes it easy to stay compliant throughout the consumer and commercial lending cycles so moving to the solution was an easy choice."

ComplianceOne features Wolters Kluwer Financial Services' industry-leading Bankers Systems compliance content that can help financial institutions meet regulatory requirements in all 51 U.S. jurisdictions, and gives them access to the company's real-time PCi compliance analytics solutions. The solution also allows institutions to take advantage of such in-demand functionalities as imaging, e-signatures and bar-coded documents.

"ComplianceOne gives financial institutions like First East Side Savings Bank the flexibility they need to operate more efficiently," said Ken Newton, executive vice president of Banking for Wolters Kluwer Financial Services. "By weaving a comprehensive set of risk management capabilities into a highly-customizable, yet easy-to-use, technology platform, ComplianceOne presents institutions with a fluid solution that will grow and evolve with them as their business does."

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